Which of the following does NOT represent a valid reason for globalizing operations?
A) reduce costs
B) improve the supply chain
C) reduce responsiveness
D) attract and retain global talent
E) understand markets
C
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There are many important reasons for diligent audit planning. If an audit firm wrongly skips the planning stage of an audit, what will be the effect relative to fraud detection?
a. The firm will not be able to apply GAAP to the financial statements. b. The firm will not adequately identify the types of fraud that may occur in the client company. c. The firm will not be able to perform direct tests of account balances. d. The firm will lack the competency and technical training necessary to complete the audit in accordance with GAAS.
Mary Adams is helping her company develop a marketing program for a new product line. The program is designed to appeal most to less materialistic consumer groups who are likely to prize experience, not acquisition
The marketing program is most likely designed to appeal to which of the following demographic groups? A) Generation X B) Millennials C) Echo Boomers D) Silent Generation E) Lost Generation
Which of the following statements is not true of impasses?
A. Impasse is not necessarily bad or destructive. B. Impasses that begin as tactical may become genuine. C. Genuine impasse occurs when parties deliberately refuse to proceed as a way to gain leverage or put pressure on the other party to make concessions. D. An impasse may block progress in the entire negotiation, or it can affect some issues but not others.
Ironwood Company has just started operations. The company sold 5,000 shares of common stock to investors for $10,000 to get the business started. The company has made several sales on account, but has not yet collected any cash from these sales. At this
point, Ironwood's cash flows for expenses are exceeding its cash flows from revenues. How might Ironwood make up the difference so it can maintain its liquidity?